Time Inc (TIME.N), the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman offered $18 per share, the Post reported, representing a premium of 30.4 percent to Time Inc’s Friday close and valuing the publisher at $1.78 billion. Time Inc’s shares jumped 18 percent to $16.05 on Monday. Bronfman, who […]
DUBAI // More than 234,000 UAE residents have used their Emirates ID cards to pass through automated immigration gates at Dubai International Airport. The smart gate system, the first of its kind in the region, is free of charge, requires no pre-registration and makes passing through immigration at arrivals and departures fast and convenient for all residents who hold a valid ID card and are older than […]
Mariah Idrissi was shopping at the Westfield London mall when she was stopped in her tracks by a stranger who asked to take her photo. Decked out in a tracksuit, a turban-style hijab and without any make-up on, she found herself being scouted by fashion label H&M. Sceptical at first as to why a western company might want a covered Muslim woman to model for them, Idrissi […]
CARACAS Venezuela’s bolivar currency has depreciated an unprecedented 60 percent in a month against the U.S. dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note of 100 bolivars now worth less than 3 U.S. cents in the crisis-hit OPEC nation. Such is the currency chaos that Venezuelans often carry rucksacks full of […]
By Ulf Laessing | MOSUL, Iraq MOSUL, Iraq Islamic State has arrested dozens of Mosul shop owners accused of raising food prices in the nearly besieged city, to tamp down discontent as a U.S.-backed offensive closes in on the group’s last major stronghold in Iraq, residents said on Monday. The arrests took place on Sunday morning in Bursa, a commercial district in the western part of the […]
PARIS A severe strain of H5N8 bird flu that has hit several countries in Europe leading to the culling of thousands of poultry was detected in wild ducks in Northern France, the farm ministry said on Monday. “A first case of highly pathogenic avian influenza H5N8 was confirmed on Nov. 26 in the commune of Marck (Pas-de-Calais), on 20 wild ducks used as callers for waterfowl hunting,” […]
Monday 12:00 GMT. Overview Stock markets in Europe are slipping back, led by losses for embattled Italian financials, on concern about potential contagion spreading from the sector into the eurozone financial system after Italy’s reform referendum. Meanwhile the dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.1 per cent, although it is holding […]
DUBAI, United Arab Emirates, November 28, 2016/ — The Ashish J Thakkar Global Entrepreneurship Index of 85 countries ranks Singapore as the best environment for entrepreneurs Of the African nations, Namibia scores highest and comes 42nd overall – ahead of other prominent African markets, such as Nigeria, Kenya and South Africa The research, conducted by Mara Foundation and Opinium Research, examines the state of entrepreneurship around the […]
By Andrew Callus | PARIS PARIS France’s centre-right rallied behind free market reformist Francois Fillon as its candidate for president on Monday after a snap opinion poll showed him clear favourite to beat far-right leader Marine Le Pen in an election showdown next year. Fillon, a former prime minister who vowed to change France’s “software” with an assault on public sector spending, moved one step closer to […]
Bail in risk – €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times Concerns of multiple bank failures – Eight banks at risk of failure and bail ins Monte dei Paschi di Siena, third largest by assets and mid-sized banks Popolare di Vicenza, Veneto Banca and Carige and four smaller banks Italy’s banks have €360 billion of problem loans Contagion poses risks to Unicredit, […]
Android users were found to be more honest compared with iPhone users. The research, conducted in the United Kingdom, also linked the type of smartphone users with other series of descriptive demographic and psychographic criteria. The research, published online in the journal Cyberpsychology, Behavior, and Social Networking, is the first one to link psychological traits to typologies of phone users, instead of just demographic criteria. Smartphones And Psychological […]
newslide Young drummer recognised by Metallica A 10-year-old drummer from Philadelphia in the United States is receiving high praise for his cover of a Metallica song that featured on the heavy metal band’s Instagram page on the weekend. Daniel Krilov has been playing drums for just two years, but that didn’t stop him from responding to the band’s request for fans to send video of themselves covering […]
ISTANBUL Turkey’s emergency rule, instituted in the days immediately following the July 15 failed coup, will continue as long as necessary, Deputy Prime Minister Numan Kurtulmus told a news conference on Monday. President Tayyip Erdogan has previously said emergency rule – initially introduced for three months and subsequently extended for another three – could continue for beyond a year. Erdogan declared a state of emergency days after […]
Monday 11:30 GMT. Overview The dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.5 per cent, although it is holding the 100-point mark at 100.940. Stock markets in Europe are slipping back, led by losses for embattled Italian financials. Hot topic Oil is likely to loom large over the week before Wednesday’s Opec […]
MOSCOW Russian President Vladimir Putin has no plans to attend the funeral of late Cuban leader Fidel Castro, Kremlin spokesman Dmitry Peskov told reporters on Monday. Peskov said Putin had a busy schedule preparing for a major speech. Vyacheslav Volodin, a close Putin ally and the speaker of the Russian State Duma or lower house of parliament, would head the Russian delegation to the funeral, said Peskov. […]
By Ju-min Park | SEOUL SEOUL South Korean President Park Geun-hye cannot be questioned by Tuesday as prosecutors have requested, her lawyer said, as she resists growing calls to resign over an influence scandal that has engulfed her administration. Park is under intense pressure to step down over the crisis involving a close friend accused of meddling in state affairs, with the main opposition party seeking to […]
SEOUL South Korea’s Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. A split would allow the heirs of the founding Lee family to strengthen their grip on the global smartphone leader, the crown jewel of the Samsung Group business empire. Elliott proposed a split in […]
No Man’s Sky is finally getting closer to what it was supposed to be, as the new Foundation Update finally adds some features that should’ve been available from day one. The Foundation Update that Hello Games announced a couple of days ago is now live and it brings a number of cool new tricks, including base building, freighters, survival mode, and stackable items. Base Building With the latest Foundation […]
BEIJING China said on Monday it had lodged a protest with Singapore after Singaporean armoured troop carriers were seized by Hong Kong customs en route back from Taiwan, as a state-owned newspaper warned against Singapore’s “hypocrisy”. The nine troop carriers were impounded in Hong Kong last week, sparking a rebuke to Singapore from China’s foreign ministry about maintaining military ties with self-ruled Taiwan, which China considers a […]
28 November 2016 Manama, Kingdom of Bahrain: The Shari’ah Board of AAOIFI held its meeting No. 46 from 17 to 19 November 2016 in the Kingdom of Bahrain. Over more than 25 meeting hours, the board discussed specific issues and reviewed a number of technical and Shari’ah reports. The meeting was concluded with issuance of a number of resolutions as well as the adoption of two new […]
The world’s first hyperspectral camera has been developed by converting an iPhone camera into a new kind of optical sensor. This will bring the new possibilities of low-cost spectral imaging to consumer applications. Consumers will be able to use their mobile phones for example to sense food quality or monitor health. (via WSJ)
BEIRUT Syrian state media said on Monday the army and its allies had captured the al-Sakhour district from rebels in eastern Aleppo, an advance that risks splintering the opposition-held area in two. Rebel sources could not immediately be reached for comment. Citing a military source, state TV said the army and its allies had seized the entire area and were working to clear it of mines. It […]
Theresa May will launch a charm offensive in a bid to win Polish support in the forthcoming Brexit negotiations, as pressure grew to guarantee the status of migrant workers. Mrs May will host Polish prime minister Beata Szydło and other senior Polish politicians at a meeting in Downing Street on Monday that will focus on Brexit and defence co-operation, and seek to ease diplomatic tensions caused during […]
TRENCIN, Slovakia Two brothers from Slovakia won a grave-digging competition at an international exhibition of funeral, burial and cremation services on Thursday. Ladislav and Csaba Skladan, aged 43 and 41 respectively, dug a grave 1.5 meters deep, two meters long and 90 centimeters wide in 54 minutes in the western Slovak town of Trencin, beating 10 other two-member teams from Slovakia, Poland and Hungary as a small […]
